Onix Solar Energy Ltd

Onix Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Onix Solar Energy Ltd

₹ 739 -2.00%
25 May - close price
abcgas.co.in BSE: 513119
About

Incorporated in 1980, Onix Solar Energy Ltd is in the business of renewable energy solutions.[1]

Key Points

Business Overview:[1]
OSEL was in the business of manufacturing
of Gas Products and trading in related products.
However, due to its nonperformance in current business line; it has switched its main business from Gas Industry to Solar Energy Industry on May 14th 2024

Website BSE
  • Market Cap ₹ 2,725 Cr.
  • Current Price ₹ 739
  • High / Low ₹ 782 / 150
  • Stock P/E 67.8
  • Book Value ₹ 213
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 152% CAGR over last 5 years

Cons

  • Stock is trading at 3.48 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 10.2% over last 3 years.
  • Company has high debtors of 222 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0 0 0 0 0 0 0 57 23 45 43 16 70
0 0 0 0 0 0 0 52 23 44 44 2 45
Operating Profit -0 -0 -0 -0 -0 -0 0 5 1 1 -1 14 25
OPM % -1,600% -23% 38% 9% 3% 3% -1% 88% 36%
0 0 0 0 1 0 0 1 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 -0 -0 -0 1 0 0 6 1 1 -1 14 26
Tax % 128% 0% 0% 19% 2% 0% 0% 0% 10% 31% 36% 0% 0%
-0 -0 -0 -0 1 0 0 6 1 1 -1 14 26
EPS in Rs -1.17 -0.26 -0.40 -0.57 1.80 0.11 0.43 17.89 1.83 2.66 -2.17 3.90 6.96
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4 2 4 2 1 1 0 2 0 0 29 157
4 3 4 2 1 2 1 3 0 1 28 117
Operating Profit -0 -0 -0 -0 -0 -0 -1 -1 -0 -1 1 40
OPM % -2% -14% -9% -28% -34% -33% -157% -94% -750% -5,300% 4% 25%
0 0 0 0 0 0 0 2 3 1 0 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 -0 -0 -0 0 -0 -0 0 2 0 2 40
Tax % 6% -4% -8% -36% 19% -4% 0% 0% 11% 19% 5% 0%
0 -0 -0 -0 0 -0 -0 0 2 0 1 40
EPS in Rs 0.46 -0.63 -0.34 -0.17 0.37 -0.74 -1.17 0.71 5.97 0.60 4.14 10.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 52%
5 Years: 227%
3 Years: 1888%
TTM: 435%
Compounded Profit Growth
10 Years: 67%
5 Years: 152%
3 Years: 639%
TTM: 2672%
Stock Price CAGR
10 Years: 49%
5 Years: 171%
3 Years: 204%
1 Year: 335%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 10%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 25
Reserves 0 0 0 -0 0 -0 -1 -0 2 2 3 759
2 2 2 1 1 1 2 0 1 0 0 0
2 2 3 3 2 2 2 6 0 0 34 21
Total Liabilities 6 6 7 7 5 5 5 7 5 4 39 805
0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
6 5 7 6 5 5 5 7 4 4 39 805
Total Assets 6 6 7 7 5 5 5 7 5 4 39 805

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 0 -0 -0 -0 -0 0 1 -6 3 17 -739
0 0 0 0 0 0 -0 0 6 1 -19 1
-0 0 -0 -0 -0 0 0 -2 0 -1 0 739
Net Cash Flow -0 0 -0 0 0 0 0 -0 -0 4 -2 0
Free Cash Flow -0 0 -0 -0 -0 -0 0 1 -1 3 -2 -739
CFO/OP 325% -15% 38% 16% 38% 124% -27% -81% 4,060% -640% 1,597% -1,861%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 41 189 386 859 1,337 1,193 3,242 654 0 0 4 222
Inventory Days 443 572 198 622 1,044 216 681 85 12,775 1,408 0 219
Days Payable 161 244 300 846 1,072 501 1,736 35 6,205 261 70
Cash Conversion Cycle 324 516 285 636 1,308 907 2,186 704 6,570 1,147 4 371
Working Capital Days 170 253 144 363 811 456 904 325 60,955 8,760 47 1,814
ROCE % 8% -6% -4% -3% 5% -8% -13% -48% -1% -14% 32% 10%

Insights

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Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Inventory Value - Trading Stock
INR

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Warehouse Capacity (Godown Compensation Received)
INR
Inventory Value - Manufactured Finished Goods
INR

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Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
29.38% 29.38% 19.89% 1.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 91.72% 74.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.77%
70.63% 70.63% 80.12% 98.79% 99.99% 100.00% 100.00% 100.01% 100.00% 99.99% 8.29% 24.27%
No. of Shareholders 6,5276,5916,4836,5456,1506,0455,9636,3726,4316,9727,0628,142

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports